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SeanieMac betting on investment

By John Mulligan

Published 18/08/2016

Betting group SeanieMac's losses have hit almost $10m (€7.6m) (stock photo)
Betting group SeanieMac's losses have hit almost $10m (€7.6m) (stock photo)

Seaniemac, the online betting group founded by Sean McEniff, the son of Donegal hotelier Brian McEniff, is in talks with potential investors after its accumulated losses hit almost $10m (€7.6m).

The stock market minnow, which targets customers in Ireland and the UK, is listed on the over-the-counter market in the United States.

SeanieMac has warned that if it cannot raise more cash that it may cease operating. Mr McEniff is no longer directly involved in running the firm, but remains a shareholder of the group.

The former chairman stepped aside in 2014 to concentrate on the family's hotel business, which includes the Dublin Skylon and Great Northern in Bundoran.

Belfast Telegraph

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